Suppose That During the Last Year Growth in Output Due

question 32

Multiple Choice

Suppose that during the last year growth in output due to growth in labor and capital was 4%. If output grew at a rate of 6%, it must be the case that:

• A) technological progress increased by 2%.
• B) the ratio of capital to labor increased by 2%.
• C) capital grew faster than labor.
• D) labor grew faster than capital.

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Definitions:

Divergent Taxonomies

Classification systems that branch out in different directions, reflecting varied criteria or perspectives in organizing information.

Behavior Categories

Classifications used to systematically organize and understand the various types of actions or reactions of individuals or groups.

Absolute Set

A complete collection of distinct objects or elements, often referred to in mathematics or logic, without any elements missing.

Supporting Behavior

Behaviors or actions that provide assistance, encouragement, or facilitation towards achieving an objective or improving a situation.